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REVEALED: George Soros Doubled His Bet That The Stock Market Is Going Down
Business Insider ^ | 02/18/2014 | Sam Ro

Posted on 02/19/2014 4:20:02 PM PST by SeekAndFind

One day every quarter, the world's big fund managers reveal some of what they're buying and selling in their 13-F regulatory filings. Generally speaking, these revelations aren't taken too seriously as they are 45-day-old snapshots. But over the weekend, one gigantic $1.3 billion position raised some eyebrows.

Soros Fund Management disclosed that it held put options on 7,090,000 shares of the SPDR S&P 500 ETF (SPY) at the end of Q4.

Puts protect the holder of the option from declining prices. Soros' position makes money if $1.3 billion worth of the SPY declines in value.

And at $1.3 billion, this represents the largest position in the portfolio.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: georgesoros; stockmarket

1 posted on 02/19/2014 4:20:02 PM PST by SeekAndFind
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To: SeekAndFind

But if the puts expire worthless, then he loses a lot of money!

I guy like that probably has a laddered put position, so it won’t happen all at once. I’d like to know what the expiration dates and the strike prices are.


2 posted on 02/19/2014 4:30:19 PM PST by proxy_user
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To: SeekAndFind

Is he betting on both sides? or just this alone?

People with lots of money to protect can absorb small losses but big losses would be disastrous

Betting on one side subject you to all the risk if you are wrong.

Betting on BOTH sides and you end up losing one and winning one, and come out even (more or less)

so...Having said that, I know Soros has purposely collapsed economies in the past. Anyone know what he is up to with the rest of his money?


3 posted on 02/19/2014 4:30:47 PM PST by Mr. K (If you like your constitution, you can keep it...Period.)
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To: SeekAndFind

Stick it to Soros! Buy, buy, BUY!!! ;)


4 posted on 02/19/2014 4:32:00 PM PST by Frank_2001
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To: SeekAndFind

5 posted on 02/19/2014 4:35:34 PM PST by EEGator
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To: SeekAndFind

He has also been dumping money into the Ukraine....


6 posted on 02/19/2014 4:36:21 PM PST by GraceG
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To: Mr. K

RE: Is he betting on both sides? or just this alone?

There is a way of “betting on both sides” using options to maximize gain and minimize loses. It is a, option trading technique called the Iron Condor.

http://en.wikipedia.org/wiki/Iron_condor

Soros probably uses it.


7 posted on 02/19/2014 4:37:18 PM PST by SeekAndFind
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To: EEGator

People accuse teenagers of behaving like they can live forever, I think former nazi people with more money than the gold fillings from aushwitch who look older than dirt also think they can live forever because they dare not die and end up in hell....


8 posted on 02/19/2014 4:39:54 PM PST by GraceG
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To: SeekAndFind

Sorta` like buying insurance


9 posted on 02/19/2014 4:45:22 PM PST by Para-Ord.45 (Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: SeekAndFind

Redistribute Soros!


10 posted on 02/19/2014 4:52:43 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: SeekAndFind

When one is hedging ones bets, by covering the downside risk, and one makes big gains to the upside like we had over the last few years and especially last year.... If one is keeping ones downside hedge as a % of total assets, a gain will always result in an increase in downside betting as well.

It means his portfolio is bigger now.


11 posted on 02/19/2014 4:54:45 PM PST by wonkowasright (Wonko from outside the asylum)
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To: combat_boots

Redistribute Soros!

Preferably using a woodchipper ala. Fargo....


12 posted on 02/19/2014 4:54:52 PM PST by GraceG
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To: GraceG

You are one observant lady, Grace.


13 posted on 02/19/2014 4:58:25 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: SeekAndFind

From what I’ve been picking up, he’s doing exactly what he was busted for in Europe a number of years ago.......Artifically manipulating the market.


14 posted on 02/19/2014 5:00:57 PM PST by Hot Tabasco (Was Occam's razor made by Gillette?)
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To: GraceG

George Soros, aka Gyorgy Schwartz, will find himself there soon enough.


15 posted on 02/19/2014 5:09:47 PM PST by EEGator
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To: SeekAndFind
Ernst Starvo Blofeld
16 posted on 02/19/2014 5:35:59 PM PST by Stepan12 (Star)
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To: Mr. K
IDK what Soros is up to but if he is intending to crash the economy, millions of puts would be a great position.
17 posted on 02/19/2014 5:52:57 PM PST by hinckley buzzard
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To: Stepan12
"Ernst Starvo Blofeld"

Ernst Starvo "Extortion is my business" Blofeld
18 posted on 02/19/2014 6:11:06 PM PST by clearcarbon
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To: SeekAndFind

Must be nice to be able to drive down the price of stocks just before you make a major purchase.


19 posted on 02/19/2014 6:13:08 PM PST by clearcarbon
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To: SeekAndFind

Soros makes his money by scaring people.


20 posted on 02/19/2014 6:51:17 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: SeekAndFind

He must of heard the Chinese manufacturing numbers early


21 posted on 02/19/2014 7:23:48 PM PST by STJPII
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